WEMOVO | Updates

By Elon Kelmendi

WEMOVO Attracts New Customers and Gets Investors Interested

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Public
 

 

Dear Companists,

We would like to thank you very much for your support and your feedback! In addition, we have great news for you that illustrates the potential of WEMOVO, both from a customer's and from an investor's perspective. Enjoy reading our first update!

 

Two Additional Coach Operators Become Customers

While most WEMOVO customers are located in Germany, we consider all of Europe our target market. In Europe, there are roughly 65,000 coach operators that will benefit from both our IT solution and our distribution solution. In total, we expect that roughly 3,000 to 4,000 coach operators are potential customers for our products. We are pleased to announce that two additional coach operators have joined the WEMOVO network and that we will integrate these two companies on a technological level within the next few days. To further boost our business and to attract additional travel brokers abroad and additional coach operators as customers, we need a sales force.

 

Investors Have Become Interested

Apart from customers, we are also convincing an increasing number of investors of our concept. An angel investor has agreed to invest another €50,000 once our crowdfunding campaign reaches €200,000, and we have received other inquiries about even larger investments. We will of course inform you once there is official news in this regard. To be continued...

 

Press Review

As mentioned before, our equity crowdfunding campaign has also been covered by the media. As we are developing B2B products, it is particularly important to us that we attract attention in the specialized press. For instance, there was an article on WEMOVO in Omnibusrevue from Munich, a trade publication for coach operators that deals with everything concerning buses and coach travel. Moreover, Touristik Aktuell, a trade magazine for the tourism industry and travel agencies, featured our campaign. As a result, thousands of potential customers are now aware of WEMOVO. We have also received other interview requests.

 

Bokolina 

As some Companists asked us about Bokolina, we would like to provide you with some more detail on this. Today, Bokolina is a normal WEMOVO customer, but it used to be Elon's B2C project that he used to access the coach travel market. While he was working on Bokolina and talking to coach operators and travel brokers, Elon had the idea of implementing a CRS (computer reservation system) similar to AMADEUS. WEMOVO clearly focuses on the B2B segment and the implementation of our infrastructure for market players. We believe this segment has much more potential than the B2C segment.

A similar thing happened at Fahrtenfuchs. The founders of Distribusion also developed this B2C portal first and then focused on DISTRIBUSION instead. However, they are still operating Fahrtenfuchs themselves today.

Series A Round

Many of you asked us what our upcoming financing round will look like and why our costs will increase from 2017 onward. We are currently expecting that we will be able to hire the sales force we need to acquire new coach operators and travel brokers after our current Companisto campaign, which will enable us to grow as planned.

From 2017, we want to use the follow-up financing round to invest even more in our employees, which will be acquiring the highly important coach operators for WEMOVO. Very good employees are expensive to recruit, and their performance-oriented salaries have to be paid as well. Moreover, we plan to invest in our technology. This technology has been the basis for our successful acquisition of coach operators so far. In 2016 and 2017 in particular, we expect potential profits from the sale of our high-margin IT solutions to be high.

 

Best regards,
The WEMOVO team



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Note

Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

334,005 €

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620

Companists

14.29 %

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The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.

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